In the first HY revenue was 330k and the management team have communicated two key themes to date.
1. Revenue guidance for the full FY has been set at $4.2m which leaves around $3.9m to be generated between 1 Jan and 30 June. Being that we are nearly at the end of March we should expect to see a bit over a million per month assuming there has been nothing material to date.
2. Management have forecast that the business will achieve operational profitibility in March which we are nearing the end of. With the quarterly just over a week away there is bound to be a few backing management to deliver on their objectives.
CRO Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held